Reported Earlier, Australia Employment Change For September 64.1K Vs. 25.2K Est.; 42.6K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for September was reported at 64.1K, significantly higher than the estimated 25.2K and the revised prior figure of 42.6K. This positive employment data could impact the iShares MSCI Australia ETF (EWA), which tracks the performance of the Australian equity market.
October 17, 2024 | 4:57 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact due to Australia's employment change for September significantly exceeding expectations.
The better-than-expected employment data suggests a strengthening Australian economy, which could lead to increased investor confidence in Australian equities. As EWA tracks the Australian market, it is likely to benefit from this positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80